Renewable energy to grow to new record in 2022

12 May 2022 CW Team

The world is en route to setting a new record for renewable power capacity this year. This has been led by solar energy in China and Europe, however, as per reports from Paris-based IEA (International Energy Agency), growth could lose steam in 2023.

A record 295 GW of new renewable power capacity has been added in 2021 despite supply chain bottlenecks, construction delays and high prices of raw materials and an additional 320 GW has been expected to be installed this year, which for comparison is equivalent to the electricity demand of Germany or the European Union's total electricity generation from natural gas. Solar energy will account for 60 per cent of renewable power growth in 2022, ahead of wind and hydropower, according to reports. In the absence of stronger policies, the amount of renewable power capacity added worldwide may plateau in 2023.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..